XAUUSD Technical Analysis 17.02.2023 1h chart

– Previous Daily candle closed Doji Bullish at 1836.500 forming weak Daily Support at 1836.000.
– Buys on close above 1839.300 targeting 1h Resistance at 1844.300, Leaving Runners to the 4h previous Support at 1849.600.
– Sells on close below 1832.700 targeting 1h Support at 1828.700, Leaving Runners to the 4h Support formed on 2nd January 2023 at 1823.900.
– As the Daily Support formed on Thursday weak and if price break and close below 1832.700 breaking below Daily Support formed on 6th January 2023, there will be a higher probability for price to continue the Bearish Momentum.